Brisky Net Lease Brokers $3.6M Sale Of Retail Property In Portage, WI
2915 New Pinery Road
$3,600,000
Building Size
—
Asset Type
Retail
Closing
Jun 18, 2024
AI
The retail property at 2915 New Pinery Road in Portage, WI, was sold for $3,600,000 on 06/18/2024. The property, a single-tenant, net-leased grocery asset occupied by Festival Foods, was part of a transaction brokered by Brian Brisky from Brisky Net Lease. The sale involved the transfer of ownership from one REIT to another.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,600,000
- Address: 2915 New Pinery Road
- Market: Portage, WI
- Broker: Brian Brisky - Brisky Net Lease
The transaction was facilitated by Brian Brisky of Brisky Net Lease, who represented the parties involved in the sale of the Festival Foods-occupied retail property. The transfer of ownership from one REIT to another underscores the strategic investment decisions made within the commercial real estate market in Portage, WI.
Players
Portage Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93